New York, NY 11372

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: No Pets Allowed

Financials

Price:$2,600,000
Annual Taxes:$71,921
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of 5 Boro Realty Corp

Exceptional investment opportunity in the heart of Jackson Heights !

Description

Exceptional investment opportunity in the heart of Jackson Heights! This well-maintained 16-unit building features a balanced mix of 8 two-bedroom and 8 one-bedroom apartments, offering strong rental potential in a highly desirable neighborhood. The property has undergone significant upgrades, including 100K (Local Law 11) completed, ensuring safety and compliance, and a new, efficient boiler system (upgraded from 2000 to 700). All apartments have been modernized with new plumbing and pipes throughout, reducing maintenance needs and enhancing long-term value. The building is professionally managed and 10% owner-managed, reflecting dedicated oversight and care. With its solid infrastructure, prime location, and stable tenant base, this property presents a rare, turn-key opportunity for investors seeking reliable income and long-term appreciation in one of Queens’ most vibrant communities.

Amenities

  • Electricity Available
  • Gas Range
  • Microwave
  • Refrigerator

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.